GITNUX MARKETDATA REPORT 2024

The Most Surprising Thrift Store Industry Statistics And Trends in 2024

Statistic 1

"Millennials and Gen Z lead the thrifting trend, with over 40% buying second-hand clothes."

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Statistic 2

"The U.S. resale industry is growing 11 times faster than traditional retail."

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Statistic 3

"There are over 25,000 thrift stores operating in the United States."

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Statistic 4

"The average thrift store shopper visits monthly or more frequently."

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Statistic 5

"Approximately 70% of thrift store shoppers also donate to thrift stores."

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Statistic 6

"Specialty thrift stores focusing on niche markets, such as vintage fashion, are growing at a faster rate than general thrift stores."

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Statistic 7

"The thrift store industry has seen an annual growth rate of 7% from 2015 to 2020."

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Statistic 8

"Goodwill Industries operates more than 3,300 stores in North America."

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Statistic 9

"The trend of upcycling and DIY fashion has boosted thrift store popularity."

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Statistic 10

"The average American consumer buys approximately 68 items of clothing each year, with a growing number from thrift stores."

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Statistic 11

"The U.S. thrift store industry is estimated to be worth approximately $14 billion."

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Statistic 12

"Nearly 20% of Americans shop at thrift stores regularly."

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Statistic 13

"Around 13% of Americans say they shop at thrift stores because of environmental concerns."

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Statistic 14

"Online thrift stores now make up around 25% of the market."

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Statistic 15

"Thrift flips (buying from thrift stores and reselling online) have become a significant income stream for many individuals."

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Statistic 16

"Luxury consignment stores have reported 50% to 75% revenue growth year-over-year."

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Statistic 17

"Baby boomers donate more to thrift stores than any other age group."

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Statistic 18

"Thrift stores divert over 700 million pounds of clothing from landfills annually."

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Statistic 19

"Over 50% of thrift store revenues support local charitable programs."

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Statistic 20

"Thrift store customers save approximately 50% to 90% compared to traditional retail prices."

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